Euro Approval For State Support To National Carriers 

Following the recapitalization of airBaltic, Latvia will own more than 96% of the airline's shares.
Credit: Joe Pries
The European Commission has given the go-ahead for the governments of Latvia and Austria to provide financial assistance to their respective flag-carriers in light of the COVID-19 pandemic. A €250 million ($282 million) measure by Latvia to recapitalize airBaltic was approved by the EC under the...

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